The price of gold continued to fall after returned inside the descending channel and breaking through the level of 1180. In the near future quotations are likely reach the level of 1170, the overcoming of which will be the basis for the continuation of the downward movement to 1150. The downside potential is limited by the level of 1150. For the resumption of growth is necessary to overcome the resistance at 1195. We keep medium-term positive outlook, but we also recommend to keep short positions until reaching the level 1170.
Nearest resistance levels: 1195, 1200, 1215, 1230, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1170, 1150, 1140, 1100
The price of Light sweet crude oil has returned to the downward channel and reached the target level of 58.00. Overcoming this level is the basis for the continuation of a downward movement with the first target at 57.00. Correction is possible to the level of 61.00. More likely is a continuation of the downward price movement to the lower boundary of the descending channel and levels of 52.00 and 50.00. The medium-term outlook also remains negative.
Nearest resistance levels: 58.00, 59.00, 61.00, 62.70, 64.00, 70.00
Nearest support levels: 56.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00